Whether they are lump sum, cost plus, time and materials, or unit pricing, contracts are the backbone of your organization. Building solid contract management processes is key to the success of your business. Given the wealth of data contained in contracts, you can use numerous key performance indicators (KPIs) to evaluate and improve your processes. This will enable you to mitigate risk, decrease cost and increase revenue.

Below are seven KPIs that construction, architecture and engineering businesses can use to optimize contract performance…

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Hundreds of brands have partnered with Contract Logix to automate their contracting process for the purpose of mitigating legal and financial risk, while maximizing corporate and regulatory compliance. Contract Logix provides products that address all phases of buy-side and sell-side contract lifecycle management, from contract creation to post-execution management. Want to know more? Click the button below.